OPNET Technologies, Inc. (Nasdaq:OPNT), the leading provider of
solutions for application and network performance management,
announced that it has completed the acquisition of Clarus Systems,
Inc., a privately held software company headquartered in Redwood
City, California. The acquisition expands OPNET's product portfolio
for application and network performance management.
Clarus software provides end-to-end service management for
Enterprise Voice over IP (VoIP), Unified Communications, and
TelePresence video. Clarus's award-winning solution suite,
ClarusIPC® Plus+, maximizes service performance and availability
through automated testing, performance monitoring, configuration
management, and business intelligence reporting. Clarus's customers
include Global 100 enterprises in financial services, healthcare,
energy, communications, as well as system integrators, and managed
service providers.
Marc Cohen, OPNET Chairman and CEO, added, "Unified
Communications is important to our customers because the workplace
is becoming more distributed. There is an innate expectation in
enterprises that voice services should be flawless and always
available. However, when these services are implemented over a
converged network, the only way to meet this requirement is with a
powerful management solution that is able to comprehensively test,
monitor, and troubleshoot the entire infrastructure and its
configuration. ClarusIPC is unique in its ability to address
these requirements. We are excited about expanding our
capabilities in this area and look forward to introducing the
Clarus offerings to our customer base. Furthermore, the new
solution OPNET is acquiring is ideally suited for delivery via
partners and managed service providers, and we expect it to perform
well in our expanding channel program."
Alain Cohen, OPNET President and CTO, stated, "Voice and video
are increasingly becoming integrated into business applications,
and teleconferencing is providing enormous cost savings by reducing
the need for enterprise travel. These are among the factors driving
a strong need for UC management capabilities. ClarusIPC is the only
solution on the market combining pre-deployment, continuous
testing, production monitoring, help-desk capabilities, and
business analytics. ClarusIPC's centralized, efficient management
approach provides broad visibility without requiring widespread
placement of probes throughout the enterprise. The solution is
complementary with OPNET's real-time monitoring of signaling as
well as voice and video quality. We are confident that the
combination provides the most complete UC monitoring solution on
the market today."
Brendan F. Reidy, Clarus Systems' Chairman and CEO added, "We
are proud to become part of the OPNET Technologies portfolio of
application and network performance management solutions. The
combination of OPNET and Clarus provides our clients and partners
with the most comprehensive suite of converged network offerings in
the market. OPNET's vision and impressive product portfolio,
combined with our expertise in Unified Communications will continue
to ensure our customers have the highest quality end user
experience possible."
"IP voice and video communications are becoming a mainstay in
today's converged IT environments," said Jim Frey, Managing
Research Director, Enterprise Management Associates. "With the
convergence of the delivery plane comes a parallel demand to
converge both planning and operations from a management tools and
practices perspective. By adding the Clarus Systems VoIP and
videoconferencing management tools to its substantial existing
network and application management portfolio, OPNET is expanding
the breadth, depth, and completeness of the solutions it can offer
and closing the loop for an increasingly critical category of IT
services."
The acquisition is expected to be slightly dilutive on a GAAP
basis and slightly accretive on a non-GAAP basis for the first
quarter of fiscal 2013 ended June 30, 2012, and slightly accretive
on a GAAP and a non-GAAP basis for the full fiscal year 2013 ending
March 31, 2013. The expected impact for the first fiscal
quarter and full fiscal year 2013 are subject to completing the
accounting for business combinations.
OPNET will hold an investor conference call on Wednesday, May
30, 2012 at 5:00pm Eastern Time to discuss the acquisition of
Clarus Systems, Inc.
To listen to the OPNET investor conference call:
- Call 877-377-7550 in the U.S. or 408-337-0151 for international
callers, or
- Use the webcast at www.opnet.com/news. Investors are
advised to go to the web site at least 15 minutes early to
register, download, and install any necessary audio software.
To listen to the archived call:
- Call the replay phone number at 855-859-2056 or 404-537-3406
for international callers. For replay, enter passcode #
86571316. The replay will be available from 8:00 pm Eastern
Time May 30, 2012 through 11:59 pm Eastern Time June 6, 2012.
- The webcast will be available at www.opnet.com/news. The
webcast will be archived for seven days.
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. (Nasdaq:OPNT) is the
leading provider of solutions for application and network
performance management. For more information about OPNET and its
products, please visit www.opnet.com.
OPNET and OPNET Technologies, Inc. are trademarks of OPNET
Technologies, Inc. Clarus Systems and ClarusIPC are registered
trademarks of Clarus Systems, Inc., a wholly owned subsidiary of
OPNET Technologies, Inc. All other trademarks are the property of
their respective owners.
Statements in this press release that are not purely historical
facts may constitute forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. OPNET
Technologies, Inc. ("OPNET") assumes no obligation to update such
statements. Forward-looking statements, including statements
regarding the expected performance of the Clarus offering in our
channel program and statements concerning the expected financial
impact to GAAP and non-GAAP earnings for the first quarter of
fiscal 2013 and for the full fiscal year 2013, are predictions
based upon information available to OPNET as of the date of this
press release and involve risks and uncertainties; therefore,
actual events or results may differ materially. Factors that may
cause the expected impact of the Clarus offering, or OPNET's actual
results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by such
forward-looking statements include, among others, completing the
accounting for the Clarus acquisition, and those factors listed
under the caption "Risk Factors" in OPNET's Annual Report on Form
10-K for the fiscal year ended March 31, 2011, as filed with the
Securities and Exchange Commission on June 3, 2011, as updated from
time to time in subsequent SEC filings. The risk factors set forth
in the Company's Form 10-K under the caption "Risk Factors," as
updated from time to time in subsequent SEC filings, are
specifically incorporated by reference into this press release. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Note to editors: The word OPNET is spelled with
all upper-case letters.
CONTACT: OPNET Media Contact:
Susan Cole
OPNET Technologies, Inc.
(919) 461-2445
Media@opnet.com
OPNET Investor Relations:
Mel F. Wesley
OPNET Technologies, Inc.
(240) 497-3000
ir@opnet.com
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